18 Feb 2019
Defaqto has launched its critical illness cover comparison tool, CIC Compare. A new module in Engage, Defaqto’s end-to-end financial planning solution, it is an easy to use tool that helps advisers compare new and historical critical illness policies in under five minutes on a whole of market basis, including white labels and direct products.
Using Defaqto’s historical data, scores have been allocated to the main critical illness definitions of all policies going back to 2009. Importantly, this means that CIC Compare can be used to contrast not just the current version of products but also earlier versions and closed plans.
Defaqto has developed a unique methodology for scoring conditions based on input from product pricing experts. It focuses on the quality of the definition of the condition rather than just the statistical risk, which leads to better client outcomes.
CIC Compare is an easy-to-use tool that helps you compare critical illness policies in under five minutes and is whole of market.
Learn more on our website.